Target CEO Brian Cornell steps down after 10 years as retailer fights to reverse sliding sales

1. Target CEO Brian Cornell will step down next year amid poor performance. 2. Michael Fiddelke, current COO, will succeed Cornell as CEO on Feb 1. 3. Target sales fell 1% to $25.2 billion; profits down 19% this quarter. 4. Online sales grew over 4%, but in-store sales dropped more than 3%. 5. The company forecasts a low-single digit decline in sales for fiscal 2025.